Short answer yes.
Adding planning permission to your home will typically increase its market worth. However, how much value this equates to can depend on a number of things.
- Your property’s location
- Extent of work covered in the permission
- Whether your permission adds an extra bedroom
- When your permission was obtained – it only lasts three years
- Type of permission obtained
Homeowners in prime London locations could see as much as a 10% rise in their house price, while homes in other parts of the UK might see nothing more than an extra thousand in value.
It’s difficult for the industry to know how much planning permission adds on average, as for many homeowners, the goal to planning permission might be as simple as reaching the asking price. Perhaps even to just get close.
The only thing that can be said for certain, no house price has ever suffered due to added planning permission!